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In other words, the price has increased by $0.00 from its previous closing price. On the day, 0.65 million shares were traded. MXL stock price reached its highest trading level at $13.98 during the session, while it also had its lowest trading level at $13.34.
Ratios:
Our goal is to gain a better understanding of MXL by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.59 and its Current Ratio is at 2.09. In the meantime, Its Debt-to-Equity ratio is 0.25 whereas as Long-Term Debt/Eq ratio is at 0.23.
Craig Hallum Upgraded its Hold to Buy on July 17, 2024, whereas the target price for the stock was revised from $20 to $38.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 30 ’24 when SEENDRIPU KISHORE bought 108,303 shares for $12.94 per share. The transaction valued at 1,401,592 led to the insider holds 531,937 shares of the business.
Tewksbury Ted L III sold 12,000 shares of MXL for $234,840 on Mar 01 ’24. The Director now owns 61,556 shares after completing the transaction at $19.57 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MXL now has a Market Capitalization of 1125913856 and an Enterprise Value of 1094637056. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.51 while its Price-to-Book (P/B) ratio in mrq is 1.82. Its current Enterprise Value per Revenue stands at 2.443 whereas that against EBITDA is -12.832.
Stock Price History:
Over the past 52 weeks, MXL has reached a high of $26.59, while it has fallen to a 52-week low of $11.08. The 50-Day Moving Average of the stock is 1.15%, while the 200-Day Moving Average is calculated to be -27.91%.
Shares Statistics:
The stock has traded on average 1.31M shares per day over the past 3-months and 1110180 shares per day over the last 10 days, according to various share statistics. A total of 81.82M shares are outstanding, with a floating share count of 78.72M. Insiders hold about 6.17% of the company’s shares, while institutions hold 87.08% stake in the company. Shares short for MXL as of 1726185600 were 3404305 with a Short Ratio of 2.59, compared to 1723680000 on 3357481. Therefore, it implies a Short% of Shares Outstanding of 3404305 and a Short% of Float of 6.43.
